Rongan Property Co (SZSE:000517) Days Payable

: 100.62 (As of Sep. 2023)

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Rongan Property Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥2,923 Mil. Rongan Property Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥2,651 Mil. Hence, Rongan Property Co's Days Payable for the three months ended in Sep. 2023 was 100.62.

The historical rank and industry rank for Rongan Property Co's Days Payable or its related term are showing as below:

SZSE:000517' s Days Payable Range Over the Past 10 Years
Min: 75.1 Med: 138.67 Max: 237.61
Current: 75.1

During the past 13 years, Rongan Property Co's highest Days Payable was 237.61. The lowest was 75.10. And the median was 138.67.

SZSE:000517's Days Payable is ranked worse than
56.79% of 1569 companies
in the Real Estate industry
Industry Median: 96.82 vs SZSE:000517: 75.10

Rongan Property Co's Days Payable increased from Sep. 2022 (93.89) to Sep. 2023 (100.62). It may suggest that Rongan Property Co delayed paying its suppliers.

Rongan Property Co Days Payable Historical Data

The historical data trend for Rongan Property Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rongan Property Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

165.21

186.03

152.20

105.52

125.13

Rongan Property Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																93.89	102.18	62.50	56.09	100.62

Competitive Comparison

For the Real Estate Services subindustry, Rongan Property Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rongan Property Co Days Payable Distribution

For the Real Estate industry and Real Estate sector, Rongan Property Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Rongan Property Co's Days Payable falls into.

Rongan Property Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Rongan Property Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4062.974	+	3704.107)	/	2 )	/	11328.506	*	365
=	3883.5405					/	11328.506	*	365
=	125.13

Rongan Property Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2927.625	+	2918.027)	/	2 )	/	2650.661	*	365 / 4
=	2922.826					/	2650.661	*	365 / 4
=	100.62

Rongan Property Co Days Payable Related Terms

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Rongan Property Co (SZSE:000517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rongan Property Co Ltd (SZSE:000517) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 513, Lingqiao Road, 15th Floor, Haishu District, Zhejiang, Ningbo, CHN, 315010

Website

http://www.rongan.com.cn

Rongan Property Co Ltd is a China-based company engages in the development, operation, and distribution of real estate. Its business activities include the sale of real estate properties, property management, and house leasing services. It is also engaged in the construction of commercial properties such as parking lots. It also offers multi-story apartments, small and high-rise apartments and business buildings.

Rongan Property Co (SZSE:000517) Headlines

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